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Groupon possibly looking to acquire Yelp in strategy to improve value: WSJ report

Groupon might be looking to acquire Yelp amid dissatisfaction among shareholders about its declining financial performance, two people familiar with the matter told the Wall Street Journal.

This Oct. 21, 2011 file photo shows the Groupon logo inside the online coupon company’s offices, in Chicago. (AP Photo/Charles Rex Arbogast, File)

The Chicago-based online coupon company Groupon might be looking to acquire Yelp, according to the Wall Street Journal.

The deal would come amid dissatisfaction among shareholders about its declining financial performance and stock price. The merger would create a company with gross earnings of $900 million to $1 billion, two people familiar with the matter told the Wall Street Journal.

The deal could create synergies that would save at least $200 million and build an online marketplace where merchants could offer deals and customers could make reviews, reservations or purchases.